Morocco will bolster the defense capabilities of its F16 fighter jets with the acquisition of advanced medium range air-to-air AMRAAM missiles, the Pentagon said in a press release. A contract has been signed between Morocco’s air force and the US defense contractor, Raytheon, providing for the acquisition of the air-to-air missiles as well as for […]
A commission in the Mauritanian parliament investigating the country’s management over the past 10 years has requested former President Mohamed Ould Abdelaziz to show in the legislature in view of providing insights over some allegations of state assets embezzlement, Le360.ma reports. Seven misappropriation charges spanning several sectors including sale of state properties in capital Nouakchott, […]
Credit rating agency, Fitch, affirmed Morocco’s long-term foreign and local currency issuer default ratings (IDRs) at ‘BBB’ with a Stable Outlook. Fitch explained that Morocco’s BBB rating was driven by its economic performance, public finance and external finance metrics. “Economic policy focuses on maintaining macroeconomic stability and is unlikely to change much as a result […]
